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Nov 7, 2012 12:00pm PST
. jason brooks with kcbs and joins us now and is it all politics or is business at play as well, jason? >> reporter: we have a number of issues sinking the stock market today. it's one of the worst days for the market in 2012. there are election issues at play, as well. we have sectors that are under pressure from regulatory concerns, namely financial, also energy. but then i have healthcare sector doing well since romney won't be able to invalidate obamacare. there is the looming fiscal crisis and the partisanship that's prevailing up until this election, worries that congress and the white house won't be able to solve that looming fiscal crisis. but another big issue really sinking the market today is europe. we have a downgrade from the european union on growth prospects in europe for this year. and it's looking like the recession could last all the way through next year. you're looking at riots in greece. greece has been a big issue all the way across. we're also hearing problems that germany's economy is getting worse. germany is the economic driver in europe. this
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